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U/s 35(1) (ii) of IT Act 1961 Central Government approved M/s Center of Innovative & Applied Bio-processing('CIAB')

U/s 35(1) (ii) of IT Act 1961 Central Government approved M/s Center of Innovative & Applied Bio-processing( CIAB ) - Income Tax - 7/2017 - Dated:- 31-1-2017 - Government of India Ministry of Finance (Department of Revenue) (Central Board of Direct Taxes) Notification No. 07/2017 New Delhi, the 31st January, 2017 S.O. 336 - It is hereby notified for general information that the organization M/s Center of Innovative & Applied Bio-processing('CIAB') (PAN:- AABAB8297N) has been approved .....

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oved organization shall carry out scientific research by itself; (iii) The approved organization shall maintain separate books of accounts for 'CIAB' in respect of the sums received by it for scientific research, reflect therein the amounts used for carrying out research, get such books audited by an accountant as defined in the explanation to sub-section (2) of section 288 of the said Act and furnish the report of such audit duly signed and verified by such accountant to the Commissione .....

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